rgillis70
Premium
join:2002-12-30
Herndon, VA
| reply to Titus Pullo
Re: Wow
said by Titus Pullo  :As for the revenue from tax cuts, it's usually spent before collection  That may be, but that is an issue with SPENDING not with TAXES. It is a fact that tax cuts lead to increased revenue. That was what you asked. Look at the figures for collection, not the spending figures, and you will see it always works this way.
Spending is ridiculous no mater who is in office.
By the way - for reference, the country had record growth quarter after quarter during Reagan years...and it did so under Clinton as well. But lower taxes do lead to increased revenue. Just got to teach people not to spend it, and 2x more than it, every second of the day. |
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Titus Pullo
I came, I saw, I slept
join:2004-06-26 | I recall some inflationary issues during those great years of growth as well. I also remember something in Econ class about 'chasing dollars' ...
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"I am not young enough to know everything."
Oscar Wilde |
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rgillis70
Premium
join:2002-12-30
Herndon, VA
| I agree inflation played a role. As did the artificial growth caused by the "dot-com" during Clinton's growth.
But I was just looking at numbers...as the statement was - lower taxes do not lead to higher revenue - they do...however, there are always outside influences that can play havoc on a system, like a war, inflation, unexpected market crash, artificially high energy pricing, speculation...etc.
If - and this is the IF that is so huge it will never happen - if the government could hold spending to the inflationary rate for just a year or 2 while revenue increased, we would see surplus. But that I doubt will happen as everyone has a special "project" they'd like to get done. |
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